USB Wall Sockets is expected to reach USD 2065.56 Million by the end of 2030, with a CAGR of 5.72% during 2022-2030.
This report describes the global market size of USB Wall Socket from 2018 to 2030. The study is forecasted from 2023 to 2030. In 2021, the global USB Wall Socket market size was USD 1380.30 Million, and it is expected to reach USD 2065.56 Million by the end of 2030, with a CAGR of 5.72% during 2022-2030.
USB Wall Sockets are very convenient to use and also is an innovative
way to charge devices. Use of electronic devices has been increasing and is
further expected to increase in the future years. Demand for USB wall socket is
rising due to its fast-paced charging, taking into consideration the excessive
use of devices and short battery life.
Compatibility to almost all electronic devices
like Apple products, Android phones and laptops is the major driver that foster
the growth of USB Wall Socket market. End-Users prefer certified USB chargers,
and hence the preference of consumers towards quality than quantity is further
going to favors the growth of the global USB Wall Socket market.
However, the major threat that is faced by this
market is the introduction of smaller and thinner versions of USB devices, due
to which the conventional USB ports have been a misfit. Even though, a few
manufacturers are focusing on quality products, few unorganized manufacturers
are still producing low quality products due to which there might be a decline
in the demand for the product.
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Key players operating in the global USB
Wall Socket market are: LEVITON
MANUFACTURING CO., INC, Legrand, Eaton, HUBBELL INCORPORATED, GENERAL ELECTRIC,
LUTRON ELECTRONICS CO., INC, TopGreener, NewerTech, Maxxima, LUCECO, PANASONIC,
others.
By Type
Type A
Type C
Others
By
Application
Residential
Commercial
Industrial
By No.of
Ports
1
2
3
More
than 3
Investigator Observers Strong Growth in Specific
Regions:
-Europe Market (Germany, UK, France,
Russia, Italy)
-Center East and Africa Market (Saudi
Arabia, UAE, Egypt, Nigeria, South Africa)
-South America Market (Brazil, Argentina,
Colombia)
-North America Market (United States,
Canada, Mexico)
-Asia Pacific Market (China, Japan, Korea,
India, Southeast Asia).
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